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Thursday, October 3, 2013

Thrifty Thursday - Peace of mind

No one likes the idea of deprivation.  If we want something, we want it NOW!  The idea of waiting or even doing without is so foreign as to be ludicrous.  At least, that's what advertisers want you to think.

There are some things that you cannot do without.  That, housing, heat, other words, the basics.  But even within those categories we have choices.  We can make our money stretch by buying frugally or inexpensively or we can be dissatisfied unless we have the biggest and best there is to buy.

If, after your basic needs are met, you still have money left over, THEN you can contemplate how that money is to be spent.  A wise person or family will look ahead to the future and anticipate future needs.  That might include braces for teeth, savings for emergencies, college and other worthwhile expenditures.  Money can be saved for "wants" and then purchased when the money is available.  A not so wise person or family might look longingly at new "toys", going into debt for exotic vacations, and just being frivolous with the money they have.  Then when the inevitable emergency happens (job loss, unexpected medical bills, major car or home repair), they wring their hands because they have no money to meet those needs.   The "toys" paid on credit lose their excitement long before they're paid off. 

Meeting your basic needs and having the resources to handle a financial emergency isn't deprivation.  It's peace of mind.  It's knowing that you've made the necessary preparations for unforeseen expenditures.  It lets you be in control.  It lets you sleep at night.

Which position would you rather be in?  Now is the time to get back in control.


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